Haddon Heights Names Conditional Redeveloper Under MOU
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Description
The Borough of Haddon Heights approved Resolution 2026:117 appointing New Heights Properties Group, LLC as Conditional Redeveloper. The parties will enter into a Memorandum of Understanding for a 180-day exclusive negotiation period for a redevelopment agreement, with the redeveloper funding interim costs through an escrow account.
Contract Details
Vendor
NEW HEIGHTS PROPERTIES GROUP LLC
Agency
Borough of Haddon Heights, NJ
Contract Type
PROFESSIONAL_SERVICES
Document Date
May 5, 2026
Contract Term
180-day exclusive negotiation period from April 1, 2026
Renewal Date
2026-09-28
Renewal Info
MOU establishes a 180-day interim period of exclusive negotiations; any extension or formal redevelopment agreement would require separate approval.
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